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AnnualResults2011ChinaTelecomCorporationLimited20Mar2012|“forward-lookingstatements”withinthemeaningofSection27AoftheU.S.SecuritiesActof1933(asamended)andSection21EoftheU.S.SecuritiesExchangeActof1934(asamended).Suchforward-lookingstatementsaresubjecttoknownandunknownrisks,uncertaintiesandotherfactors,whichmaycausetheactualperformance,financialconditionorresultsofoperationsofChinaTelecomCorporationLimited(the“Company”)tobemateriallydifferentfromanyfutureperformance,financialconditionorresultsofoperationsimpliedbysuchforward-lookingstatements.Inaddition,wedonotintendtoupdatetheseforward-lookingstatements.Furtherinformationregardingtheserisks,uncertaintiesandotherfactorsisincludedintheCompany’smostrecentAnnualReportonForm20-FfiledwiththeU.S.SecuritiesandExchangeCommission(the“SEC”)andintheCompany’sotherfilingswiththeSEC.PresentationbyChairman&CEOPresident&COOExecutiveVicePresident&CFOMr.WangXiaochuMr.YangJieMadamWuAndi3AgendaOverviewBusinessReviewFinancialPerformance1.2.3.4OverviewBusinessReviewFinancialPerformance1.2.3.5HighlightsBroadbandupgradefosteringsubscribergrowth&valueRobustfullservicesdevelopmentoptimizingbusinessstructure&enhancingprofitability3Gtractiondrivingfastmobileexpansion&revealingscalebenefitToachievebreakthroughinscaledevelopmentviadual-leadershipininnovation&services6SolidResults2010(restated)2011ChangeOperatingRevenue(RMBMil)219,367244,94311.7%OperatingRevenue(Excl.MobileTerminalSales)(RMBMil)213,719231,0108.1%EBITDA(RMBMil)88,49094,2666.5%EBITDAMargin41.4%40.8%-0.6ppNetProfit(RMBMil)14,85016,40410.5%AdjustedNetProfit(Excl.impactofadoptingIFRS1amendment)(RMBMil)(Pleaserefertoslide26)15,26216,79910.1%EPS(RMB)0.1830.20310.5%Notes:Unlessotherwisestatedinthispresentation1.AllfinancialdatawereadjustedtoexcludeUpfrontConnectionFees(2010:RMB497mil;2011:RMB98mil)2.EBITDAwascalculatedbeforeMobileNetworkLeasingFees(MobileNetworkLeasingFees:2010:RMB13,320mil;2011:RMB19,011mil)3.EBITDAMargin=EBITDA/OperatingRevenue(Excl.MobileTerminalSales)4.NetProfitrepresentedprofitattributabletoequityholdersoftheCompany5.2010datawererestatedtoincludetheretrospectiveimpactofadoptingIFRS1amendment7RevenueGrowthDrivers-12,7349,5629,72219,026OverallRevenue+11.7%WirelineVoice2010WirelineData&OthersMobileVoiceMobileData&Others2011219,367RMBMil244,943-5.8pp+4.4pp+4.4pp+8.7pp8RemarkableProgressonOptimizingRevenueStructureWirelinevoiceWirelinedata&othersMobilevoiceMobiledata&others11.4%9.2ppGrowthbusinessesaccountedfor79.7%(8.2ppyoy)20102011FullServicesRevenueStructure13.2%46.9%28.5%18.0%15.8%45.9%20.3%Robustgrowthcontinuedacrossmobile&wirelinedataservicesGrowthbusinessesrevenue/totalrevenue:79.7%(8.2ppvs2010)Mobilerevenue/totalrevenue:33.8%Wirelinebroadbandrevenue/totalrevenue:24.8%Wirelinevoiceoperatingriskfurtheralleviated:Wirelinevoice/totalrevenue:20.3%(8.2ppvs2010)Layingasolidfoundationforlong-termsustainablegrowth9Mobilehandsetsubsidiesas%ofmobileservicerevenueRapidMobileExpansionEnhancingOverallProfitability2GSubs3GSubs4.0712.2920102011Mobile&3GSubscribers56.09126.4736.2990.522009Mil20102011MobileServiceRevenue30,00333.6%68,24825.4%22.9%47,7222009RMBMilWorld’slargestCDMAmobileoperatorwithfastexpandingmobilesubscriberbaserevealingscalebenefitMobilesubs:126mil(incl.36mil3Gsubs)MobileARPU:RMB52.4(3.3%vs2010)Mobilesubsmarketshare:13.0%(2.2ppvs2010)3Gsubsmarketshare:28.5%(2.4ppvs2010)3Gsubsas%ofmobilesubs:28.7%(15.1ppvs2010)Strongmobileservicerevenuegrowthwitheffectivecostcontrolenhancingoverallprofitability2009-11mobileservicerevenueCAGR:50.8%Mobilehandsetsubsidiesasa%ofmobileservicerevenuetrimmedto22.9%(10.7ppvs2009)1022.9%LaunchingiPhonetoPromoteFurtherDevelopmentBreakthroughPlanIllustration1Illustration2Monthlyfee(RMB)289389Voice(minutes)9901,290SMS180180Data(MB)1,5002,00024-monthcontractiPhone4S16GB(contractedpurchasingprice)(RMB)1,6990iPhonetariffplansillustration:Customer-focusedtariffplanstoenhanceuserexperience&corporatevalueBenefitsoflaunchingiPhone:Enhancingbrandingimage&promotingfurtherbreakthroughinhigh-endmarketAcceleratingrevenuegrowth&drivingmobiledatausage&ARPUSteppingupopenchannelscaleexpansion&consolidatinge-channelresourcestoimprovechannelcapabilityDrivingmoreefficient¢ralisedsalesmanagementprocesstoimproveoperatingefficiencyLeveragesuperior3Gnetworkquality&excellentservicestoprovidecustomerswithunrivallediPhoneexperiencePersistinrationalcompetitiontofacilitateprofitablescaledevelopment11AcceleratingStrategicInvestmenttoFosterBroadbandSustainableGrowth20112012ECAPEXFosterbroadbandbusinessdevelopmentRMBMil54,00049,551EnhancecorecompetenceAccelerating“BroadbandChina,FibreCities”projecttosatisfycustomeraccessbandwidthupgradedemand&layasolidfoundationforfuturenewbusinessdevelopment2011:Broadband&Internetinvestmentaccountedfor66.8%oftotalCAPEXWirelinebroadbandnetadd:13.33milCoverageincitieswith20Maccessbandwidth:≈70%(12ppvs2010)2013:Basicfullcoverageincitieswith20Maccessb
本文标题:中国电信XXXX年度业绩报告
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